Pennsylvania Co. for Insurances on Lives & Granting Annuities v. Scott

Opinion by

Mr. Justice Linn,

This appeal involves the constitutional validity of the Act of July 2, 1937, P. L. 2751, 21 PS section 821a et seq., entitled: “An Act to protect the obligors or guarantors of bonds and mortgages, and owners of property affected thereby, and others indirectly liable for the payment thereof, by prohibiting, for certain periods, the foreclosure sale of mortgaged property at less than its fair market value; and prescribing the method of fixing the fair market value of said property.”

The appellants, as trustees under a will, held a bond and mortgage dated June 19, 1925,…